Home Technology CFO of ByteDance Has Been Appointed As the New CEO of TikTok

CFO of ByteDance Has Been Appointed As the New CEO of TikTok

Eight months after former TikTok CEO Kevin Mayer resigned in the midst of the Trump administration’s full-court press against the Chinese-owned social media giant, TikTok has a new permanent leader.

ByteDance CFO Shouzi Chew will take over as TikTok CEO while continuing to serve as CFO at its parent company, the company announced Friday morning. It’s a risky move that suggests the company believes the worst of its squabbles with the US Executive branch is over, as President Biden has shown no interest in picking up former President Trump’s pet project.

Vanessa Pappas, who was serving as interim CEO, will be promoted to COO.

Yiming Zhang, CEO of ByteDance, stated in a press release, “The leadership team of Shou and Vanessa sets the stage for sustained growth .” “Shou brings deep knowledge of the company and industry, having led a team that was among our earliest investors, and having worked in the technology sector for a decade. He will add depth to the team, focusing on areas including corporate governance and long-term business initiatives.”

Chew was an executive at Xiaomi before joining ByteDance earlier this year, and he has previously worked at DST and Goldman Sachs.

Sakshi Jadav
Sakshi is currently doing something she is adoring, by stepping out of her box to create who she wants to become. Other then that, she studies Psychology.
RELATED ARTICLES

Multi-Crore Online Renting And Shared Service Investment App Scam: Power Bank

Power Bank, a Bangalore-based technology start-up, developed the first smart App for online renting and shared service investment in mobile power in India to...

Jio Phone Users to get 300 Minutes Free Outgoing Voice Calls Per Month

In a recent press release, Jio announced 300 free minutes of outgoing calls per month to Jio Phone users. Jio Phone was introduced in 2017...

Xiaomi FlipBuds Pro TWS Launched with 11mm Drivers: Price, Specifications

Xiaomi has introduced the FlipBuds Pro true wireless stereo (TWS) earbuds in China. Featuring a design similar to the Apple AirPods Pro, these new...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

Multi-Crore Online Renting And Shared Service Investment App Scam: Power Bank

Power Bank, a Bangalore-based technology start-up, developed the first smart App for online renting and shared service investment in mobile power in India to...

Jio Phone Users to get 300 Minutes Free Outgoing Voice Calls Per Month

In a recent press release, Jio announced 300 free minutes of outgoing calls per month to Jio Phone users. Jio Phone was introduced in 2017...

Xiaomi FlipBuds Pro TWS Launched with 11mm Drivers: Price, Specifications

Xiaomi has introduced the FlipBuds Pro true wireless stereo (TWS) earbuds in China. Featuring a design similar to the Apple AirPods Pro, these new...

Shiba Inu Crypto Coin: Is It Really The Dogecoin Killer

Cryptocurrencies have become the "new normal" in 2021, with companies, brands, and celebrities putting their money into digital currency. SHIB is a decentralized spontaneous group...